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revenue. and that's supposed to come from raising taxes on the wealthiest. the president's plan asks for an extension of the payroll tax cut. and an extension of unemployment insurance benefits. it asks for a deferral of those automatic sequester cuts to defense spending and to local -- to domestic spend being. and it also asks, i love this one, a multi-year stimulus package, including $50 billion next year, much of that is going to go to recipients creating an infrastructure bank. the president also wants to refinance under water mortgages. and permanently increase the deposit limit without congressional approval every time. the president in bringing this list forward in his plan to resolve the fiscal cliff is just really going for it in this negotiation. he's aiming for the fences, and he has a mandate folks and he's not afraid to use it. here is representative jim chicago burn elaborate on the ground that theme today. >> us democrats ran with the president on this plan of his and we received democrats almost a million
said today that he would rather see tax rates go up than close loopholes because then he thinks he can get tax reform passed in the future. a little bit of wishful thinking. >> i know we have to raise revenue. i don't really care which way we do it. actually, i would rather see the rates go up than do it the other way because it gives us greater chance to reform the tax code and broaden the base in the future. >> jennifer: so he's not giving in. he's just bargaining now to see what he can get later. and then we've got the fourth stage which is depression. which is often accompanied according to elizabeth kubler ross by wistful thoughts of better times. newt gingrich is planted firmly in this stage. he said he longs for the 1990s when republicans led by him of course, were, in his estimate aches, republicans were more able, more powerful, able to get president clinton to bend to their will or at least so he said on piers morgan last night when he said "we earned president clinton's respect by closing the government
. plus, it's cheaper than many rivals. it costs about $25,000 after a federal tax credit. but, of course, i'm partial to the spark's big brother the incredible amazing chevy volt. okay, i'm a little obsessed but i'm going to show you why. let's go for a ride. okay so here we are in this fabulous volt. it is the best car i have ever owned. my big question is why doesn't everybody else own one? you have to put your seat belt on. we're in the middle of a city and if you were in a regular car, you would be hearing the engine hum. in this car you don't hear anything. it sounds like the car is off. it's so quiet! and luxurious. now some people find that disturbing. so the auto companies have now taken to offering you the option -- they're exploring putting this on a number of different electric vehicles where you can pick your sound. so if you wanted to have a sound of a revving engine with real torque, you could opt to put that on your very quiet car. why you would, i don't know. but some people like the sound
sparing the top earners from any more taxes. tea partyers object to raising any revenue at all. on the other side the president is not pleased with boehner's plan because he said there would be no deal without higher tax rates for the wealthy. >> obama: if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made, and the further reforms and entitlements that i'm prepared to make, then we're going to have to say the rates on the top 2% go up, and we're not able to get a deal without it. >> jennifer: and jay carney piled on the g.o.p. plan. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenue. it's magic beans and fairy dust. >> jennifer: magic beans and fairy dust. those are fighting words--frilly fairytale fighting words but still fighting words and boehner came back with a few verbal jabs of his own saying, quote, if the president really wants to avoid sending the economy over the fiscal cliff he has done nothing to demonstrate it. but even as the democrats poun
the bush era tax cuts for those making less than $250,000, but not for those making more. echoing the holiday theme with this grinch like association. >> let's not kid ourselves. i'm not trying to make this more difficult. >> jennifer: stalemate. didn't we just start talking? oh wait, he's just posturing right? to sort out the latest tough talk from the posture is michelle bernard founder of the bernard center center for women public policy. welcome back inside "the war room," michelle. >> thank you. >> jennifer: so, how serious is the stalemate that speaker boehner announceed today? >> i was listening to that sound bite a second ago and i don't know if i want to cry or if i want to laugh. i don't know how we get to a stalemate when number one the negotiations just began. number two the president has presented congress with his proposal and we have not heard anything from the republicans with a counter parolees counter proposal or what it is that they're offering. you got to think it that they're joking this is a joke, right? >> jennifer: i'm so intrigued by the negotiation strate
tax changes would affect them. an schmidt tweeted: >> do you think it's a good idea to go out to the people as the president is negotiating with congress. >> i personally am a big proponent of anytime you're blinging people into the halls of capitol hill, this is one of the most polarized congresses we have seen. compromise has not been king of the hill for sometime now. i'm not sure it works. last year, bringing public pressure to the payroll cut extension through congress. i'm not sure it works this time, but it's an innovative way to get folks engaged. >> of course all of this negotiation around the fiscal cliff, the president actually indicated today that he might be president-electable. he says he's not necessarily looking for income tax rates as high as they were under president clinton. secretary geithner is going to meet with congressional leaders tomorrow. do you think they will demonstrating some wiggle room, as well? >> i personally don't think it's that big of a banner sign. if there was actually a movement toward a deal, i think you'd see president obama meeting w
predictability from our government. they realize that our taxes are going to be up a little bit. they know there is going to reform to social security and medicare, they want to know so they know how to plan for their companies. i hope it's resolved before i get there if not so be it, i see this as an opportunity for america to lead the way. china is slowing down. india is slowing down. europe is in a recession. south america is slowing down. we have an opportunity to lead out of this mess. i hope we take the lead. >> jennifer: everyone wants to prevent going over over the cliff you still will have a lot of issues on how best to lead the country forward. allen west will be gone but there will be tea partyers remain. how do you work with people who think compromise is a bad word? >> look, i was just earlier with the republican part of my district today and met with a lot of republican commissioners. the message i told them is what i told everybody. whether you're a republican, democrat, i have an open door. i want to hear your thoughts, your concerns and i want to be your voice in washingto
Search Results 0 to 10 of about 11 (some duplicates have been removed)